A group of angry individuals stormed the CBEX office located in the Oke Ado area of Ibadan, Oyo State, on Monday, looting furniture and other items after the digital trading platform reportedly crashed. Eyewitnesses said the mob forcibly entered the premises, carting away tables, couches, and other office equipment. The…
The Economic and Financial Crimes Commission (EFCC) has assured Nigerians who lost money in the collapsed CBEX digital trading scheme that efforts are underway to recover their funds and bring the perpetrators to justice. CBEX, a Chinese-operated online investment platform, is at the center of a multi-billion-naira fraud scandal, having…
A wave of distress has swept through parts of Nigeria as several women have reportedly lost substantial sums of money following the unexpected shutdown of CBEX, a digital investment platform. CBEX, which attracted numerous users by promising a 100% return on investments within 30 days, operated solely in U.S. dollars…
